SmarTrend Watching for Potential Rebound in Shares of Vereit Inc After 1.48% Loss

Written on Fri, 08/11/2017 - 12:56pm

By Shiri Gupta

Vereit Inc (NYSE:VER) traded in a range yesterday that spanned from a low of $8.32 to a high of $8.46. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $8.42 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Vereit Inc share prices have moved between a 52-week high of $11.09 and a 52-week low of $7.44 and are now trading 12% above that low price at $8.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Vereit Inc and will alert subscribers who have VER in their portfolio or watchlist when shares have changed trend direction.